Evaluation of the St. Lucia geothermal resource: macroeconomic models
A macroeconometric model describing the St. Lucian economy was developed using 1970 to 1982 economic data. Results of macroeconometric forecasts for the period 1983 through 1985 show an increase in gross domestic product (GDP) for 1983 and 1984 with a decline in 1985. The rate of population growth is expected to exceed GDP growth so that a small decline in per capita GDP will occur. We forecast that garment exports will increase, providing needed employment and foreign exchange. To obtain a longer-term but more general outlook on St. Lucia's economy, and to evaluate the benefit of geothermal energy development, we applied a nonlinear programming model. The model maximizes discounted cumulative consumption.
- Research Organization:
- Los Alamos National Lab., NM (USA)
- DOE Contract Number:
- W-7405-ENG-36
- OSTI ID:
- 6313649
- Report Number(s):
- LA-10212-MS; ON: DE85005229
- Country of Publication:
- United States
- Language:
- English
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